M&T vice chairman Pinto steps down

M&T Bank Corp. vice chairman Michael Pinto has resigned from the bank’s board of directors because of a serious medical condition, officials said Tuesday. He will serve as vice chairman of the company's primary banking subsidiary part-time.

The nature of the condition was not disclosed.

“Mike needs to devote time and energy to his treatment, and we support him and his family completely,” M&T chairman and CEO Robert Wilmers said in a statement.

Rene Jones, executive vice president and chief financial officer, and Kevin Pearson, executive vice president, have been named vice chairmen and will assume many of Pinto’s responsibilities, officials said.

President Mark Czarnecki has been named chief operating officer, effective immediately, and will oversee day-to-day management, officials said.